Plan Ledger DOL Form 5500 · updated monthly

Springbrook Ny, Inc.401(k)

SPRINGBROOK EMPLOYEES 401(K) PLAN · ONEONTA, NY · plan year 2024

Reported admin expense ratio · 2024
0.23%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Springbrook Ny, Inc. reported $96,954 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,439 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.28% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,479th-largest of 5,648 plans among New York employers on file, and the 2,050th of 11,911 in health care & social assistance. In 2024, employees put in $1.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$44,826,015
Participants with balances1,082
Active participants1,583
Employer contributions$2,278,099
Employee contributions$2,419,267
Employer contribution per active participant$1,439
Average account balance$41,429
Benefits paid to participants$3,598,140
Plan auditUnmodified (clean) audit opinion
AuditorBRYANS & GRAMUGLIA CPAS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$44.8M · 1,082 accts · $2.3M emplr
2023$39.2M · 1,051 accts · $2.3M emplr
2022$32.3M · 1,018 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$96,954
Total administrative$96,954
The Springbrook Ny, Inc. 401(k) match · 2024
Employer contribution per active participant$1,439
Median for plans this size$2,416
2024$1,439 per active participant
2023$1,492 per active participant
2022$1,381 per active participant

Springbrook Ny, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$96,954

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$96,954 · 0.23%
2023$85,058 · 0.24%
2022$94,173 · 0.28%
Same employer
Similar plansHealth Care & Social Assistance · New York
Great Lakes Physician, P.C. NY$47.9M · 0.13%
Rising Ground, Inc. NY$44.3M · 0.09%
Four Winds, Inc. NY$42.1M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 150539129 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.